Coal Handling System Industry is Slated to Expand at Around 4% CAGR by 2033

Key Points of the Coal Handling Systems Market Report

• In the Asia-Pacific region, demand for coal management systems is expected to surge as capacity expansion increases, especially in India and China. Thus, APEJ will account for more than two-thirds of the total market by 2030.
• Demand for coal mines across North America is high, while demand for thermal power plant operations is high in the rest of the world.
• By product, conveyors rank first in sales of coal handling systems.
• Technological advancements will play a huge role in advancing sales in the years to come.

“In the first few months of the COVID-19 pandemic, industrial activity was hit by trade and other restrictions, reducing demand for coal handling equipment. But as restrictions are eased, demand has increased and we are back on track for growth.”  the analyst says.

competitive landscape

Sales of coal handling systems are mostly through contracts and agreements. Larger market players are now strategizing their efforts to partner with thermal power plants because of their sustainable nature. Power plants convert coal into electricity through a number of processes that help reduce air pollution. They remove ash, sulfur dioxide and carbon dioxide from coal.

• Thyssenkrupp AG won a contract from Doosan Power Systems India to provide coal handling systems for two major thermal power projects in Uttar Pradesh for a total order value of USD 115 million.
• Metso Corporation has extended its contract with Sever Minerals to strengthen its presence in Russia.
• Heyl & Patterson Inc., which provides heat treatment and bulk material handling systems, has entered into an exclusive partnership agreement with Beijing-based BHJD Mining Engineering and Technology, an equipment procurement and construction (EPC) company.

There has been some climate change since the COVID-19 pandemic hit industries all over the world. In the US, greenhouse gas emissions decreased by 10.3%. This is still surprising and investors are increasingly choosing to invest in alternative energy sources. This gives players in the coal handling systems market more reason to push further technological advances.